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Case Studies | Finance | China | Volume 7 Issue 11, November 2018 | Popularity: 6.7 / 10

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Case Study on Securitization of PPP of Beijing Capital Co.Ltd. Stock in China

Jian-Jun Zhang, Guo-Chao Liu

Abstract: In recent years, the China Securities Regulatory Commission and the National Development and Reform Commission have launched a large number of PPP project policies and notices, and local governments have also built a large number of local public infrastructure via the PPP model. China's PPP project has entered the golden period of development. However, under the background of the rise of PPP mode, China's social capital participation has gradually declined. Regulatory Commission and the National Development and Reform Commission issued the 2698 document at the end of 2016. Subsequently, In March 2017, CITIC Securities assisted the first stock of the company's PPP project securitization and successfully listed in the Shanghai Stock Exchange, indicating that China's PPP project asset securitization has gradually developed. Based on this, this paper hopes to carry out some practical and theoretical significance for the development of China's PPP project in the field of public facilities through a profound analysis of the first implementation of the PPP project asset securitization case, the first set up of the stock water treatment PPP project securitization.

Keywords: PPP Public-Private Partners, Asset-backed securities, Sewage treatment, Comparative analysis

Edition: Volume 7 Issue 11, November 2018

Pages: 249 - 258

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